Shares of Adani Group’s eight listed firms ended higher today with Adani Enterprises gaining more than 5 percent amid positive momentum in the broader capital market.
Some of the group’s shares have reached their upper chain level.
Shares of Adani Enterprises rose 5.51 percent to end at Rs 1,982.85 on the BSE. It rose more than 10 percent intraday to touch an intraday high of Rs 2,135.
The market value of the flagship firm has risen to Rs 2.26 crore.
Shares of Adani Power, Adani Transmission, Adani Energy, Adani Total Gas and Adani Wilmar rose 5 percent each and their closing levels touched their respective upper price bands on the BSE.
Also, shares of NDTV rose 4.95 percent, while Adani Ports and Special Economic Zone rose nearly 1 percent.
However, shares of Ambuja Cement fell by 1.65 percent and ACC by 1.50 percent.
The 30-share BSE Sensex was up 415.49 points, or 0.69 percent, at 60,224.46. The NSE Nifty rose 117.10 points, or 0.67 percent, to 17,711.45.
Shares of all Adani Group’s listed companies rose on Friday after the group sold minority stakes in four of its listed companies to US-based GQG Partners for Rs 15,446 crore.
The group’s shares have recovered significantly in the last few trading sessions after taking a hit on the stock market following a report by US-based short seller Hindenburg Research.
The report made numerous allegations against him, including fraudulent transactions and stock price manipulation.
The group has denied the allegations as false, saying it complies with all laws and disclosure requirements.
(Except for the headline, this story was not edited by NDTV staff and was published on a syndicated channel.)
(Disclaimer: New Delhi Television is AMG Media Networks Limited, a subsidiary of Adani Group.)
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